$\"\"$

The equation is $\"\"$ .

To convert dollars per year to dollars per month, multiply the rate by a conversion factor. There are 12 months in 1 year, so $\"\"$ .

$\"\"$ (Write LHS)

$\"\"$ (Multiply rate by conversion factor)

$\"\"$ (Apply rule for multiplying fractions) \ \

$\"\"$ (Divide out common factor and unit)

$\"\"$ (Multiply: $\"\"$ ) $\"\"$

The solution is 2750 $\"\"$ .